Citizens Financial Group Inc. RI Buys 6,777 Shares of The TJX Companies, Inc. (NYSE:TJX)

Citizens Financial Group Inc. RI increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,595 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,777 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in TJX Companies were worth $15,173,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Congress Asset Management Co. increased its stake in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in TJX Companies during the 4th quarter valued at $433,000. BLB&B Advisors LLC increased its stake in TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies during the 4th quarter valued at $604,000. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $117.40 on Tuesday. The firm has a market cap of $131.97 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business has a 50 day moving average price of $122.70 and a 200-day moving average price of $120.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on TJX shares. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.